Since 1955, The Gallipoli Legion Club has been part of the beating heart of Beaumont Street. Now, for the first time in decades, this iconic building is up for sale offering a rare chance to own a piece of Newcastle's dining and nightlife scene.
The club will remain onsite, signing a 3x3-year lease from settlement, delivering $80,000 per year + GST and outgoings. It's a classic set-and-forget investment with a rock-solid tenant and instant returns.
Sitting on a 771.4sqm parcel with E1 Local Centre zoning, this site is ripe for a range of future uses, from childcare or medical centres to hotel accommodation. Even more compelling, it falls within the NSW Government's new Transport Oriented Development (TOD) zone. That means you're within 400m of a train station, and now eligible for residential flat building development, regardless of current zoning.
- 771.4sqm landholding offering approx 1,370sqm of internal space over two levels
- Heritage façade at the northern end of Beaumont Street, less than 100m from Hamilton Station
- High visibility with strong vehicle and foot traffic day and night
- Further information on TOD can be found here https://www.planning.nsw.gov.au/policy-and-legislation/housing/transport-oriented-development-program
- Building and pest reports available
- Auction Held On Site, Saturday 24th May at 12noon
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.